Notable Mover: What Next for Caterpillar Inc. Stock After Today’s Significant Increase?

Notable Mover: What Next for Caterpillar Inc. Stock After Today's Significant Increase?

The stock of Caterpillar Inc. (NYSE:CAT) is a huge mover today! About 2.17 million shares traded hands. Caterpillar Inc. (NYSE:CAT) has risen 22.99% since March 8, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.
The move comes after 9 months positive chart setup for the $51.55 billion company. It was reported on Oct, 11 by We have $139.81 PT which if reached, will make NYSE:CAT worth $29.90 billion more.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on October, 27. They expect $0.73 EPS, down 2.67% or $0.02 from last year’s $0.75 per share. CAT’s profit will be $425.26M for 30.30 P/E if the $0.73 EPS becomes a reality. After $1.09 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -33.03% negative EPS growth.

Caterpillar Inc. (NYSE:CAT) Ratings Coverage

Out of 21 analysts covering Caterpillar Inc. (NYSE:CAT), 6 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 29% are positive. Caterpillar Inc. has been the topic of 41 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by William Blair on Friday, September 25 to “Market Perform”. The firm has “Neutral” rating by Goldman Sachs given on Monday, December 7. The stock of Caterpillar Inc. (NYSE:CAT) earned “Equal Weight” rating by Barclays Capital on Friday, September 25. Robert W. Baird downgraded the shares of CAT in a report on Friday, September 4 to “Neutral” rating. The company was maintained on Monday, April 4 by Credit Suisse. Axiom Capital initiated Caterpillar Inc. (NYSE:CAT) rating on Thursday, September 24. Axiom Capital has “Sell” rating and $28 price target. S&P Research downgraded the shares of CAT in a report on Friday, October 23 to “Sell” rating. BMO Capital Markets maintained Caterpillar Inc. (NYSE:CAT) on Friday, September 25 with “Market Perform” rating. The stock has “Neutral” rating given by Citigroup on Friday, March 18. Bank of America maintained the shares of CAT in a report on Friday, September 25 with “Neutral” rating.

According to Zacks Investment Research, “Caterpillar Inc is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company is one of only a handful of U.S. companies that leads its industry while competing globally from a principally domestic manufacturing base. The company records more than half of its sales to overseas customers. Their products are used in the construction, road building, mining, forestry, energy, transportation and material-handling industries.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.20, from 1.05 in 2016Q1. The ratio fall, as 76 funds sold all Caterpillar Inc. shares owned while 363 reduced positions. 40 funds bought stakes while 331 increased positions. They now own 396.23 million shares or 3.43% less from 410.29 million shares in 2016Q1.
Security Natl Com holds 0.43% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 15,577 shares. Centurylink Inv Mgmt last reported 17,283 shares in the company. Croft last reported 39,935 shares in the company. Birinyi has 0.32% invested in the company for 9,750 shares. First Manhattan, a New York-based fund reported 3,113 shares. Delta Lloyd Nv accumulated 38,066 shares or 0.1% of the stock. Whittier Company Of Nevada Inc last reported 41,215 shares in the company. Kelly Lawrence W & Assoc Ca accumulated 1,100 shares or 0.02% of the stock. Atlas Browninc has invested 0.14% of its portfolio in Caterpillar Inc. (NYSE:CAT). Conning Incorporated last reported 0.1% of its portfolio in the stock. Nippon Life Ins holds 0.05% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 28,827 shares. The Massachusetts-based Seaward Ltd Partnership has invested 0.23% in Caterpillar Inc. (NYSE:CAT). The Virginia-based Kanawha Mgmt Lc has invested 0.45% in Caterpillar Inc. (NYSE:CAT). Coe Cap Mgmt Ltd Llc reported 17,147 shares or 0% of all its holdings. Gam Ag has invested 0.11% of its portfolio in Caterpillar Inc. (NYSE:CAT).

Insider Transactions: Since April 26, 2016, the stock had 3 buys, and 4 insider sales for $1.77 million net activity. 706 Caterpillar Inc. (NYSE:CAT) shares with value of $58,563 were sold by Copeland Jananne A.. Shares for $67,479 were sold by Halverson Bradley M on Friday, April 29. Shares for $80,099 were bought by Muilenburg Dennis A on Monday, May 9. 25,000 shares with value of $1.94M were bought by CALHOUN DAVID L on Tuesday, April 26.

More notable recent Caterpillar Inc. (NYSE:CAT) news were published by: which released: “Better Buy: Caterpillar Inc. vs. Deere” on October 11, 2016, also with their article: “Better Buy: Caterpillar Inc. vs. Illinois Tool Works” published on October 05, 2016, published: “Caterpillar Inc. to Announce Third-Quarter 2016 Financial Results on October 25” on October 11, 2016. More interesting news about Caterpillar Inc. (NYSE:CAT) were released by: and their article: “Excited About Caterpillar Inc.’s Latest Big Buy Rating? Think Again” published on September 27, 2016 as well as‘s news article titled: “Caterpillar: Above Average Dividend Income Company, But Is Now The Time To Buy?” with publication date: October 11, 2016.

CAT Company Profile

Caterpillar Inc. (Caterpillar), incorporated on March 12, 1986, is a maker of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Firm operates through its three product divisions: Resource Industries, Construction Industries, and Energy & Transportation. The Firm also provides financing and related services through its Financial Products segment. The Firm offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. The Firm operates parts distribution centers at various locations, including Morton, Illinois; Mossville, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota; Southaven, Mississippi; Clayton, Ohio; Houston, Pennsylvania; York, Pennsylvania; Waco, Texas; Van Alstyne, Texas; Duffield, Virginia; Spokane, Washington; Melbourne, Australia; Stapylton, Australia; Queensland, Australia; Grimbergen, Belgium; Piracicaba, Brazil; Shanghai, China; Dortmund, Germany; Lunen, Germany; San Luis Potosi, Mexico; Singapore, Republic of Singapore; Moscow, Russia; Johannesburg, South Africa, and Dubai, United Arab Emirates.

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